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Sponsored Article Trading

Classic vs SBot – Which GRID Bot Suits Your Trading Style?

The Grid trading strategy is a technique to make profits on market movement by positioning buy and sell orders at different levels, above and below a set price. You can create your grid to profit from trends or ranges and even automate it. Bitsgap SBot and Classical bot are the two best-known trading bots with their own set of advantages.

What Makes Grid Bots Popular?

The Grid system has become quite popular among traders as it is possible to visualise the results. The best thing about this approach is that it can offer investment opportunities even in volatile market conditions. There’s no need to worry about the market direction. Once the trader knows that the market is going to make its next move, the strategy will take care of the rest. This is especially applicable to cryptocurrency trading, where volatility is common.

Once the user sets up a grid, he/she can automate it to place buy and sell orders without having to open and close positions manually. It may take some trial and error before the trader can develop a profitable approach. Some providers leverage Artificial Intelligence to improve their strategy and bring more profits with the bot.

Users must have an understanding of market fractals, fundamentals, dynamics, and broker’s commission to increase trading profitability. The grid trading bot needs to be set up accordingly to cut losses and increase profit potential.

Configuring a Grid Trading Bot

The Bitsgap trading bot is a great ally in a fluctuating market. But before you let the system run on auto-pilot, below are some necessary settings to consider.

  • Grid number: Signifies the maximum number of buy and sell orders that you can assign to a grid. For example, if you input 20, you will have 10 buy and 10 sell orders!
  • Take-profit: The maximum value at which your grid will sell all positions and book the profit.
  • Stop-loss: The lowest price point where you automatically exit the trade. Once the stop-loss triggers, your positions will be sold at a loss.
  • Lower-limit: The bottom price limit of the grid, which is often a bit higher than the stop-loss. The bot won’t place any buy orders below this limit.
  • Upper-limit: The top price limit of the grid that is directly proportional to your profit potential. The bot won’t place any sell orders above this limit.

When dealing with volatile digital assets, make sure to choose a cryptocurrency with sufficient trading volume to make the process easier.

Using the Classic Bot Strategy

When you expect the market to be bullish in a given period, it is the best time to use the Classic bot strategy. It has statistically proven to be more profitable when prices are going higher. The bot dynamically adjusts the grid based on market movements.

Classic bot buys and sells the equal amount of base currency despite the price.

The investment distribution logic involves buying and selling a fixed amount of base currency per order. It maximises the return from each trade due to an increase in the volume with the rising value. When the market conditions are favourable, you ought to win big. The opposite happens when the market tanks!

Using the SBot Strategy

When prices are trading sideways and the market direction is unclear, it is best to use the SBot strategy to make money. This bot can trail up and down based on market fluctuations. The in-built feature simulates a trading algorithm, using the past data of an asset to assess its volatility and profitability before risking any capital.

SBot buys and sells a certain amount of base currency with the same amount of quote currency.

The investment distribution logic of SBot is a step ahead of the classic. It always buys and sells a fixed volume of the quote currency per order. For example, if your investment sum is $50, the bot will buy $50 worth of the asset when the price drops. Similarly, when the price rises, the bot sells $50 worth of the asset. This means you buy more at lower prices and sell less at higher prices, regardless of the market conditions. Here, the dollar-cost-averaging method comes into play!

Conclusion

The features of automated Sbot and Classic bots may seem attractive, but it is vital to manage your risks. The market can make explosive moves in either direction, and you must be prepared for any situation. Switching between these grid trading bots is the best strategy to make the most of your capital!

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NFTs Sponsored Article Tokens

SafeGem Token – Bringing Innovation To the Jewelry Industry with NFT Digital Authentication Certificates

The existence of blockchain technology opens the door to a set of innovative solutions that never existed before. Blockchain technology is a structure that stores transactional records, also known as the block, of the public in several databases, known as the “chain” in a network connected through peer-to-peer nodes. Typically, this storage is referred to as a ‘digital ledger.’, meaning that once something is in the blockchain, cannot be removed or altered.

SafeGem’s vision is to conceive a brand-new use case exploiting the unique benefits the blockchain can offer by creating an exclusive platform that will authenticate precious stones by providing NFT digital certification for gems.

Innovations of the Contract

Besides its unique use-case, SafeGem welcomes state-of-the-art technology, by including never-seen-before qualities in the smart contract called tokenomics. SafeGem’s native token, $GEMS, is a high yield generating, hyper-deflationary protocol. 6% of every transaction completed on the platform is re-distributed to all users holding $GEMS in their wallets generating a considerable passive income, and 5% of each transaction is permanently erased from the blockchain. This type of burning technology differentiates itself from other smart contracts where the burning process will not remove the tokens from the blockchain but sends them to a separate wallet, called a dead wallet. The deflationary connotation given to the platform ensures a gradual decrease in supply and increase in value. The passive income combined with the continuous burn will benefit the long-term token holders the most.

Revolutionizing the Jewelry Industry

Currently, a precious stone is associated with a paper authenticity certificate. An NFT digital authentication certificate can never be copied, altered, or modified, and there will be no need to be deposited in a safe because it can never be lost. The blockchain is the one safe place where one can know, once something is there, it cannot be taken back. Being able to store the authentication certificates in the blockchain gives that peace of mind to the buyer that never existed before. Paper certificates are not safe enough and SafeGem holds the key to revolutionize this aspect.

SafeGem is working on developing a far-reaching partner channel throughout the world that produces and/or deals with jewelry and precious stones and is strategically acquiring partners that show interest in joining the innovative world of NFTs, a trend that has been blowing up the crypto world since their introduction in 2015. 

Product Ecosystem

SafeGem’s rich product ecosystem is built to reflect the project’s conception and core values. 

The SafeGem Mobile Application‘s purpose is two-fold. It will serve as a mobile wallet for cryptocurrencies, and will also contain a crypto academy educating people on the crypto world.

The NFT Partner Portal will enable partners to mint their own custom-made NFTs (outlined in the partnership contract) with a series of indicators specific to the authentication process of the precious stones they produce/market. This provides our partners and their customers with an easy to keep and highly-secure authentication process of their products.

The NFT charity marketplace will enable artists to upload various NFTs created for sale or bidding. Depending on the artist’s specifications when uploading an NFT, all or part of the income from the sale of such NFTS will be used to support families that have been negatively impacted by the blood diamond fields.

$GEMS – SafeGem’s Native Token

Together with the release of the NFT partner portal and marketplace, $GEMS will be transformed to the utility token of such platforms. Similar to other NFT launchpads, one will need to have $GEMS to be able to navigate (upload, vote, bid, purchase) on the NFT marketplace.

The Advisory Program

SafeGem is currently conducting an advisory program and working together with Jewelry Industry participants in perfecting their use case and business strategy that will fill the gap between bleeding edge technology and a $300B industry. Jewelry Industry participants can join their advisory program by sending them an email to [email protected].

Find out more about SafeGem at safegem.finance and safegemfinance.medium.com. 

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Payments Sponsored Article

The Way People Use Bitcoin to Transfer Funds Around the World

The number of payments in Bitcoin or cryptocurrencies, in general, has never been higher. Crypto coins are gradually replacing traditional financial services, as people are slowly switching from e-wallets and intermediaries like Western Union to online crypto payments. On the one hand, this is bad news for providers who charge hefty fees for money transfers. Still, on the other hand, cryptocurrencies are giving people more options in terms of transferring funds to friends and family members or in terms of paying for a product or a service.

Having the ability to transfer money online might be easy for many of us, but this is not the case for everyone. Sending money to, or receiving money from certain parts of the world can be very challenging. Luckily, this process has become a little bit easier because of the transactional flexibility one gets from using Bitcoinor any other digital asset that can be used as an equivalent to fiat currencies.Crypto coins can be transferred instantly from one crypto wallet to another, and they can solve problems, which people have had to deal with for years.

Cryptocurrencies do not only help people avoid problems like facing losses from currency devaluations, but they also make it easy to do business with customers from all over the world. They can be used for the purchase of a knitting kit from a company in Austria, or to pay for a banner presenting the Jack and the Beanstalk slot to the players in New Zealand. These transactional capabilities can only have positive effects on the value of cryptocurrencies,and this can only be good news for crypto coin investors. Higher demand for crypto transfers will acceleratethe incorporation of crypto coinsto the real economy.

The Pros and Cons with Regulating Cryptocurrencies

Fully incorporating crypto coins to the real economy will not happen in a day. There are a lot of obstacles Central Banks, and financial institutions need to overcome,to eliminate the toxicity still affecting the performance of crypto coins. Even though cryptos like Bitcoin have performed relatively well after recovering from the burst of the crypto bubble, investors are still hesitant when it comes to opening trading positions. A very recent example was when Bitcoin’s price fluctuated around the 10K mark, and investors were worried that a drop below that price could end up being catastrophic. While their concerns are understandable if one makes assumptions based on the developments that took place a couple of years ago, there is no recent evidence hinting another 80% value drop.

Regulating cryptocurrencies, or at least establishing guidelines for trading and using them, will increase investor trust, engage businesses to start accepting digital coins and reduce the risk of seeing another cryptocurrency bubble. Additionally, it will reduce the probability of seeing their price fluctuate uncontrollably. This, of course, can be both an advantage and a disadvantage. On the plus side, there will be a lower risk of seeing your investment crash and burn, but on the minus side, traders will probably never see a cryptocurrency reach record high prices overnight.

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Bitcoin Sponsored Article Tether

3 Benefits of Tether

Tether is one of the most successful cryptocurrencies in the world. It’s currently the fourth largest crypto in terms of market capitalisation, and the top-rated stablecoin currently in circulation. Its market cap is more than $10,000,000,000, with a 24-hour trading volume of almost $29,307,000,000 at the time of writing. In fact, this trading volume makes it the most widely traded cryptocurrency of all – beating even Bitcoin to the top spot!

Whether you’re considering investing in Tether or simply want to know more about this stablecoin, read on. In this article, we’ll be guiding you through the threemain benefits of Tether from a trader’s point of view.

1. Tether is a stablecoin

What is a stablecoin?

Have you come across the term ‘stablecoin’ online but aren’t sure what it means? A stablecoin is an alternative form of cryptocurrency which was developed to bring traders the benefits of crypto with the security of fiat currency. (Fiat currency is a type of currency that maintains its value in the form of money, generally by government regulation. An example of this would simply be the Aussie dollar, US dollar, British pound, or Japanese yen).

More ‘traditional’ forms of cryptocurrency are infamously volatile. You’ve probably seen reports of Bitcoin’srecord volatility levels, which hit a staggering 8% in 2017. It’s this volatility which often puts people off from investing in digital assets – even experienced traders who follow the markets carefully.

Stablecoins are an innovative solution to this problem. Instead of deriving their market value from the number of traders, exchanges, and coins in circulation, stablecoins are tied to a fiat currency. This means that their value is designed never to fluctuate from a fixed amount – for example, 1 AUD or the price of a stable commodity.

What is the value of Tether?

Tether (USDT) takes its value from the US dollar. According to the company which owns the stablecoin, Tether Holdings Ltd, 1 USDT will always be equal to $1, with an additional $1 held in reserve. This means it’s nowhere near as volatile as Bitcoin and other cryptos, making it a far safer investment.

Tether can be easily exchanged

As a stablecoin, another benefit of Tether is the fact that it can be easily exchanged. Although this hasn’t always been the case, it’s currently possible for Tether investors to exchange each Tether token in their wallets for $1, making it simple to convert their digital assets into ‘real’ money.

Tether is ‘the digital dollar’

For this reason, Tether is often known as ‘the digital dollar’ and a ‘digital-to-fiat currency’. Because its value is relatively consistent in comparison to cryptos such as Bitcoin, Litecoin, or Ethereum, many traders treat it straightforwardly as an alternative form of fiat currency. This makes it a convenient intermediary stage between other cryptocurrencies and hard cash. Simply exchange your Bitcoin reserves for Tether, then convert it into dollars.

There is no fixed number of Tether tokens

For many people, one of the most confusing aspects of Bitcoin is the fact that the total number of Bitcoin tokens is fixed. There can only ever be 21 million tokens in circulation. This might sound like a lot, but reserves seem a lot thinner when you consider that there are already roughly 18,500,000 in circulation, just over 10 years after the launch of Bitcoin in 2009 – and that this number is predicted to change every 10 minutes.

Bitcoin halving

To help regulate the circulation of Bitcoin, a process known as ‘Bitcoin halving’ occurs every four years. This is when the price of Bitcoin is cut in half, happening most recently in May 2020. Before this point, miners earned 12.5 Bitcoin (BTC) per ‘block’. They now earn 6.25 BTC.

Because the value of Tether is fixed, the number of Tether tokens in circulation makes no difference to its worth. This arguably makes it a more secure long-term investment than Bitcoin, which has an inevitable expiration date.

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Bitcoin Sponsored Article

Violation of privacy is a crime loophole. How to protect yourself with a Bitcoin mixer

Bitcoin can be sent without providing personal information, and therefore it is often called anonymous currency. However, this is an extremely erroneous wording – the privacy of the Bitcoin user in practice is a big question, if not to say that it is often simply impossible.

A more correct definition of Bitcoin would be pseudoanonymity. In Bitcoin, the pseudonym is the address to which the user receives coins or from which he sends funds. Each transaction involving this address is forever stored in the blockchain, and if the address is associated with any user, all other transactions will also be associated with him.

The white paper of Satoshi Nakamoto recommends using a new address every time a new transaction is made. This recommendation remains relevant today, but often this is not enough to ensure the privacy and anonymity of users.

Since its inception, Bitcoin has never provided true privacy. And while Satoshi Nakamoto’s document says that privacy is the goal of the protocol, governments, hackers and other stakeholders who spy on crypto users can analyze the public blockchain by grouping Bitcoin addresses and linking them to IP addresses or other identifying information.

Lack of privacy is a real problem in today’s world. For example, Bitcoin users may not want someone to know what they are spending their money on, how much they earn and what they own, and companies may not want information about transactions to go to competitors, while the lack of anonymity carries a real threat of digital funds loss and even physical harm to their holders from criminal structures and elements. In addition, lack of privacy can lead to a loss of fungibility in monetary units, meaning that each has the same value as any other.

Is there a way out of danger?

The owner of Bitcoins has the ability to create many addresses that are not tied to a person. Bitcoins that will be sent to these addresses have their own public transaction history, and everyone who has ever owned these Bitcoins can de-anonymize themselves, as well as the person or organization from which he accepted these Bitcoins, and to whom he sent them.

In the blockchain, the address of the owner of the Bitcoin is visible, and his identity must be established using additional methods. If such traces are not left, then relative anonymity can be maintained in the blockchain system. The point at which Bitcoin can move from anonymity to identification is trying to convert it into fiat currency through exchanges or wallets. You can de-anonymize yourself by exchanging Bitcoin for cash. But there is a way to keep your actions private on the blockchain.

Bitcoin mixing service BitMix.Biz

Bitcoin mixer is a tool with which you can increase the degree of anonymity in working with cryptocurrency. The algorithm is very simple: the user sends cryptocurrency to the mixer address, which is generated separately for each client, his coins are mixed with transactions of other users or distributed among hundreds of thousands of wallets within him. After that, Bitcoins clean from the information of previous transfers, go to the storage necessary for the sender, returning back to the owner or transferring to the wallet of the new owner.

Bitcoin mixing service BitMix.Biz provides an instant process of mixing your Bitcoin, Litecoin and Dash coins, regardless of the amount of digital currency that you want to clear, since it has the large pool of prepared, that is, pre-cleared cryptocurrency units among others. This eliminates the need to wait for confirmation of the entire set of transactions involved in the mixing.

The solidity of the service is confirmed by the many positive user reviews that BitMix.Biz has gained over several years, a letter of guarantee confirming the crypto addresses of the mixer using 1BitmixQRMUHYYEi11KBRhSfACa1BtcZrZ key, as well as deposits of $ 15,000 on some special forums (if you want to know which ones, write a letter to service support).

For mixing large amounts of digital funds, there is an optional randomization option that provides the safest mixing currently available. Use mirror on the TOR network as an additional safeguard to prevent surveillance of the movement of your digital assets.

When clearing crypto, use the features offered by BitMix.Biz to help you buy time in the race against hackers and a variety of spies who want to poke their nose into your finances. The random fee for the service makes it difficult to track the amount of the transfer, and the delayed time for sending coins blocks the ability to track your identity at the time of sending. Both functions described are available in automatic mode, but you can also select their values yourself manually.

Website: bitmix.biz/en
FAQ: bitmix.biz/en/pages/faq

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